LIMA, Peru--(BUSINESS WIRE)--Graña y Montero S.A.A. (“Graña y Montero”, “G&M” or the “Company”), the
largest engineering and construction company in Peru, announced today
that it will sell a 10.43% indirect equity interest in Transportadora de
Gas del Perú S.A. to the Canada Pension Plan Investment Board (“CPPIB”),
for a consideration of US$ 200 million. In addition, it will also sell a
0.91% equity interest to Corporación Financiera de Inversiones for US$
17.3 million.

As a result, G&M will hold a 1.64% equity interest in TgP.

On November 2013, G&M acquired a 12.38% indirect equity interest in
Transportadora de Gas del Perú S.A. and entered into a US$ 217 million
facility with an affiliate of CPPIB in order to fund the acquisition.

Transportadora de Gas del Perú S.A. (“TgP”) is the largest transporter
of natural gas and natural gas liquids in Peru. In 2012, TgP delivered
approximately 95% of both the country’s total volume of natural gas and
natural gas liquids extracted from Blocks 88 and 56 of the Camisea gas
fields located in the Peruvian Amazon. TgP’s customers include the
largest power generators, natural gas distributors and industrial
companies in Peru; in addition, one of its customers, Peru LNG, is the
largest gas exporter in Peru and one of the largest gas exporters in
Latin America.

About Graña y Montero

Graña y Montero (NYSE:GRAM, BVL: GRAMONC1) is the only Peruvian
engineering and construction company listed on the Lima Stock Exchange
and the New York Stock Exchange. The Company has participated in the
development of major engineering and construction projects in Peru,
including large-scale, complex projects in the energy, mining,
construction and real estate sectors.

With 80 years of operations, the Company has leveraged its engineering
and construction expertise into complementary lines of business, such as
the development, ownership, operation and maintenance of infrastructure
assets, real estate developments, and the provision of technical
services. The Company has significant investments in infrastructure
concessions, such as three toll roads and Line 1 of the Lima Metro. For
further information, visit www.granaymontero.com.pe.